Germany: 10-point plan to boost national development

SGGP 09/01/2023 06:56

The German government has approved a 10-point plan to promote national development, notably a plan to reduce taxes by 7 billion EUR/year (7.6 billion USD/year) from 2024, or to promote early passage of a law to reduce bureaucracy to help save about 2.3 billion EUR/year (2.5 billion USD/year).

The important plan comes as Germany faces the threat of a weakening economy, high inflation and a looming recession. The plan states that fundamental modernization is the best way to make Germany stronger and more resilient economically and socially. The government also recognises that Germany is facing a number of problems, both old and new, including bureaucracy, slow planning and approval processes, a growing shortage of skilled workers, problems with digitalisation, energy transition, and declining competitiveness.

Source: https://www.sggp.org.vn/duc-ke-hoach-10-diem-thuc-day-phat-trien-quoc-gia-post703915.html